Recapitalization arranged for CT community
Cushman & Wakefield Senior Housing Capital Markets acted as an advisor to a venture between Westminster Capital and LCS for the recapitalization of StoneRidge, a 267-unit life plan community in Mystic, CT.
StoneRidge was built in three phases starting in 2004, and includes 40 skilled nursing beds.
Life Care Services, the management arm of LCS, will continue to manage the community. Cushman & Wakefield acted as exclusive debt placement agent to the acquisition group.